Golden Agri has consolidated nicely over the past week. Stochastics is almost at 20%, ie. oversold region and RSI is down to 36%. RSI has not reached such a level ever since Sept last year when the share was still trading at 50 plus cents before the big run up to 80 plus cents.
Based on technicals alone, expecting a turnaround for another shot above 80 cents anytime soon.
